The country unveiled new incentives to galvanize sales of new energy vehicles Tuesday as part of efforts to stabilize domestic consumption.

Stronger measures to galvanize foreign investment will be explored on top of existing policies so as to create a level playing field, promote the flow of factors of production that enable innovation, and enhance pragmatic cooperation between domestic and foreign enterprises, Yuan said.

"The key is to use this opportunity to galvanize energy again, to look at things differently.

"We must roll out signature projects of critical importance without delay, to galvanize foreign investment and bolster confidence and expectations," Li said.

- China will hold this year's national mass entrepreneurship and innovation week from Oct 19 to 25 to galvanize broader business development, the National Development and Reform Commission has said.

The conference was designed as a platform to spark ideas, galvanize action and unleash the potential of cities in forging low-carbon pathways.

According to the plan, China will promote auto replacement, especially in rural areas, accelerate development of the second-hand car market and adjust subsidies to galvanize sales of new energy vehicles.

To support auto consumption, China will promote auto replacement, especially in rural areas, accelerate development of the second-hand car market and adjust subsidies to galvanize sales of new energy vehicles, according to a policy plan jointly released by 10 ministry-level authorities Tuesday.

To galvanize farmers to grow grain, the central government continued to raise the minimum purchase price of wheat and rice, and maintained grain subsidy policies in 2022.